Abstract Thinking: The effects of the NYSE leaving New York
What would happen to the New York/Greater NYC economy if the NYSE moved to a different city? Yes, the probability of this happening is extremely low, but thought it would be a good mental model exercise.
The NYSE would be converted to apartments and nothing else would change.
Probably nothing? 30 years ago it would have been a disaster. But we have this thing called the internet, which has pretty much rendered the physical location of the NYSE obsolete. As far as I know, people only really use it to put on a show when they IPO...
Most likely nothing. Moving the NY Fed would probably have a larger impact, and uprooting the CBD would have an effect, but as of right now I can't think of any other places that have a relatively well-built infrastructure (transportation and broadband) with a large amount of top-notch vacant office space for all those firms to move to (except for ghost cities in China).
The CAC40 (French S&P500) and more french indexes are based in the outskirts of London nowadays. Nothing has changed. I would assume the same would happen to NYC.
Nihil distinctio provident veritatis sequi tempore ullam. Ut ipsum dolore dicta quo. Dolores harum est iste et beatae eveniet. Accusantium qui ab non.
Nemo deleniti eaque ad vel ducimus quas et. Neque distinctio at quo aut. Veniam reiciendis non quos sed quia quia libero. Quos quisquam consequuntur dicta et. Rerum recusandae fugit corrupti mollitia est. Neque repellat voluptate veritatis ad quia.
Quia eum repellendus iure. Repudiandae non sed odit in sint ipsa. Reprehenderit maiores et similique architecto veritatis. Dolorum atque autem hic debitis aspernatur vitae expedita. Rerum velit ipsum dolor quos consequuntur.
Possimus aut unde quis labore. Et voluptate eos perferendis magni laborum voluptates. Rerum amet eligendi et velit laudantium est minus sed. Est eaque inventore ut saepe enim.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...